41-2016. PAYMENT OF BENEFITS. The group life insurance policy shall contain a provision that any sum becoming due by reason of the death of the person insured shall be payable to the beneficiary designated by the person insured, subject to the provisions of the policy in the event there is no designated beneficiary as to all or any part of such sum living at the death of the person insured, and subject to any right reserved by the insurer in the policy and set forth in the certificate to pay at its option a part of such sum not exceeding five hundred dollars ($500) to any person appearing to the insurer to be equitably entitled thereto by reason of having incurred funeral or other expenses incident to the last illness or death of the person insured.
History:
[41-2016, added 1961, ch. 330, sec. 481, p. 645.]
Structure Idaho Code
Chapter 20 - GROUP LIFE INSURANCE
Section 41-2001 - SCOPE OF CHAPTER — SHORT TITLE.
Section 41-2002 - GROUP CONTRACTS MUST MEET GROUP REQUIREMENTS.
Section 41-2003 - EMPLOYEE GROUPS.
Section 41-2004 - LABOR UNION GROUPS.
Section 41-2005 - DEBTOR GROUPS.
Section 41-2006 - PUBLIC EMPLOYEE GROUPS.
Section 41-2007 - TRUSTEE GROUPS.
Section 41-2008 - CREDIT UNION GROUPS.
Section 41-2009 - DEPENDENTS’ COVERAGE.
Section 41-2010 - PROVISIONS REQUIRED IN GROUP CONTRACTS.
Section 41-2011 - GRACE PERIOD.
Section 41-2012 - INCONTESTABILITY.
Section 41-2013 - APPLICATION — STATEMENTS DEEMED REPRESENTATIONS.
Section 41-2014 - INSURABILITY.
Section 41-2015 - MISSTATEMENT OF AGE.
Section 41-2016 - PAYMENT OF BENEFITS.
Section 41-2017 - CERTIFICATE.
Section 41-2018 - CONVERSION ON TERMINATION OF ELIGIBILITY.
Section 41-2019 - CONVERSION ON TERMINATION OF POLICY.
Section 41-2020 - DEATH PENDING CONVERSION.
Section 41-2021 - NOTICE AS TO CONVERSION RIGHT.
Section 41-2022 - READJUSTMENT OF PREMIUM.
Section 41-2023 - APPLICATION OF DIVIDENDS — RATE REDUCTIONS.